Pound Rises As U.K. Jobless Rate Falls
2017年8月16日 - 03:13PM
RTTF2
The British pound strengthened against other major currencies in
the early European session on Wednesday, after data showed that the
U.K. unemployment rate declined in the second quarter.
Data from the Office for National Statistics showed the ILO
unemployment rate fell to 4.4 percent in the second quarter from
4.9 percent a year ago. This was the lowest since 1975. Economists
had forecast a rate of 4.5 percent, the same as seen in three
months to May.
The number of unemployed decreased by 57,000 from first quarter
to 1.48 million. The employment rate came in at 75.1 percent, the
highest since comparable records began in 1971.
Average earnings including bonuses increased 2.1 percent
annually, faster than the expected 1.8 percent.
In July, the claimant count held steady at 2.3 percent. The
number of people claiming unemployment benefits decreased by 4,200
from June.
Meanwhile, the European stocks rose as higher commodity prices
lifted mining and on Fed rate hike expectations and flash estimate
from Eurostat showed the euro area economy expanded as initially
estimated in the second quarter.
On a yearly basis, GDP growth has been revised up slightly to
2.2 percent from 2.1 percent, after 1.9 percent growth in the first
quarter.
In the Asian trading today, the pound held steady against its
major rivals.
In the European trading, the pound rose to 0.9082 against the
euro and 1.2901 against the Swiss franc, from an early 10-month low
of 0.9143 and a 5-week low of 1.2842, respectively. If the pound
extends its uptrend, it is likely to find resistance around 0.89
against the euro and 1.31 against the greenback. Against the yen
and the Swiss franc, the pound edged up to 143.09 and 1.2582 from
early lows of 142.23 and 1.2498, respectively. The pound may test
resistance near 145.00 against the yen and 1.27 against the
franc.
Looking ahead, U.S. housing starts and building permits, both
for July, and U.S. crude oil inventories data are slated for
release in the New York session.
At 2:00 pm ET, U.S. Federal Reserve is scheduled to publish
minutes of its most recent monetary policy meeting.
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